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Canada manufacturing sales fall 1.1% in October

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Investing.com -

Investing.com - Canadian manufacturing sales fell more than expected in October, underlining concerns over the country's economic outlook, official data showed on Tuesday.

In a report, Statistics Canada said that manufacturing sales decreased by a seasonally adjusted 1.1%, disappointing expectations for a decline of 0.5% and following a drop of 1.5% a month earlier.

Declines in the petroleum and coal product, aerospace product and parts, and machinery industries were responsible for the overall drop.

USD/CAD was trading at 1.3732 following the release of the data, from 1.3712 ahead of the report.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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